Property transactions dip, but house prices continue to rise

  • Property
  • Wednesday, 23 Apr 2014

Visitors checking out some of the housing projects during the 13th edition of the PIP Property Expo at the Straits Quay Convention Centre.The Star/Lim Beng Tatt/ 28 Dec 2013.

KAJANG: The various cooling measures on the property sector dampened transactions last year, with the volume of properties bought and sold dipping by 10.9% from 2012, even as total value rose 6.7%, a sign that prices did not come down.

According to the Property Market Report 2013 released by the Valuation & Property Services Department, there were 381,130 transactions in the country in 2013 compared with 427,520 the year before, although their value climbed to RM152.37bil from RM142.84bil.

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